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there are no set rules to identify a suitable project, though this is one decision on which the success of your entire venture hinges. so, don't take hasty decisions. most prospective entrepreneurs tend to display the herd tendency and go for a project, which people have already ventured into. this is not
a healthy attitude as success of one in a particular field does not guarantee success of the other. while identifying a suitable project, you should make a swot analysis of your own strengths and weaknesses. startup india stand up our prime minister unveiled a -point action plan for start-up enterprises...
https://niir.org/books/book/startup-projects-for-entrepreneurs-50-highly-profitable-small-medium-industries-2nd-revised-edition/isbn-9789381039724/zb,,18ba2,a,0,0,a/index.html